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Randomized response technique: The procedure for collecting the information on sensitive issues by means of the survey, in which an element of chance is introduced as to what query a respondent has to answer. In the survey about abortion, for instance, a woman may be posed both the questions 'have you had an abortion' and 'have you never had an abortion', and is asked to respond to one or the other depending on the outcome of a randomizing device in her control. The response is now not revealing since no one except the respondent knows which question has been answered. Yet the data attained can be used to estimate the quantities of interest, here, for instance, the proportion of women who have had an abortion (π); if the probability of selecting the question 'have you had an abortion', P, is known and is not equal to 0.5. If y is the proportion of 'yes' answers to this question in a random sample of n respondents, one estimator of π can be given by the following formula This estimator is unbiased and has the variance, V
Collective risk models : The models applied to insurance portfolios which do not create direct reference to the risk characteristics of individual members of the portfolio when des
Outliers - Reasons for Screening Data Outliers are due to data entry errors, subject is not a member of the population that the sample is trying to represent, or the subject i
wat iz z difference b/n logistic regression and multiple regression analysis /
Correlation matrix : A square, symmetric matrix with the rows and columns corresponding to the variables, in which the non diagonal elements are correlations between the pairs of t
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The total amount of protein produced by a dairy cow can be estimated from periodic testing of her milk. The following are the total annual protein production values (lb) for 28 tw
The Null Hypothesis - H0: There is no heteroscedasticity i.e. β 1 = 0 The Alternative Hypothesis - H1: There is heteroscedasticity i.e. β 1 0 Reject H0 if |t | > t = 1.96
It is the art of attempting to exchange something quite small and certain, for something which are large and uncertain. Gambling is big business; in the US, for instance, it is at
Missing Data - Reasons for screening data In case of any missing data, the researcher needs to conduct tests to ascertain that the pattern of these missing cases is random.
The number of employees absent from work at a large electronics manufacturing plant over aperiod of 106 days is given in the table below. 146 141 139 140 145 141 142 131 142 140
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